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Zhone Technologies continues expansion with acquisition of Vpacket Communications, a developer of packet voice/data solutions
July 9, 2002
OAKLAND, Calif. -- Zhone Technologies, Inc., the first company dedicated to total-delivery access solutions for voice, data, and content service providers worldwide, today announced that it has acquired Vpacket Communications, a recognized leader in developing packet voice/data solutions. "Opportunities continue to present themselves, and Zhone continues to execute on its business model of growth through both internal development and acquisition," said Jeanette Symons, CTO and Vice President, Engineering for Zhone. "This two-pronged strategy allows Zhone to rapidly and cost-effectively expand its best-in-class product offerings -- thereby increasing the value proposition to our customers." Vpacket further enhances Zhone's existing product set with its award-winning IP-based Voice/Data Router - 6100 series customer premise equipment. Vpacket further enhances Zhone's technology portfolio in areas of IP routing and line-side high-speed Ethernet interfaces. Vpacket's product offerings have application at both existing accounts as well as in greenfield carrier deployments by providing the ability to combine new voice and data services, broadband access, and transport protocols over an IP-based infrastructure. Abe Wei, CEO of Vpacket, will continue with Zhone assuming the role of Vice President, Operations. Zhone Technologies Inc. Vpacket Communications Inc.
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